5 Best Performing Stocks in the Last 3 Months

2. United States Cellular Corporation (NYSE:USM)

3-Month Share Price Gains as of August 15: 164.9%

Number of Hedge Fund Holders: 12

United States Cellular Corporation (NYSE:USM) is a telecommunications provider offering wireless communication services in the United States. This includes voice, data, and messaging services. On August 8, JP Morgan upgraded the stock to Overweight, with the price target rising from $24 to $52, due to strategic decisions by the management, including a strategic review by the company’s board. It is one of the top performing stocks of the last 3 months.

According to Insider Monkey’s first quarter database, 12 hedge funds were bullish on United States Cellular Corporation (NYSE:USM). During the previous quarter, this number was 11. Mario Gabelli’s GAMCO Investors held the largest stake in the company, with 1.3 million shares worth $26.1 million. 

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